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Questions and Answers
What are the two main tools of fiscal policy?
What are the two main tools of fiscal policy?
- Interest rates and money supply
- Taxation and subsidies
- Monopolies and public goods
- Government spending and taxation (correct)
Which of the following is NOT a type of market failure?
Which of the following is NOT a type of market failure?
- Public goods
- Information asymmetry
- Inflation (correct)
- Externalities
Which of the following is a strategy for pollution control?
Which of the following is a strategy for pollution control?
- Subsidies (correct)
- Direct taxes
- Public goods
- Monopolies
What is fiscal federalism?
What is fiscal federalism?
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What is the main objective of a government budget?
What is the main objective of a government budget?
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Which of the following is a major source of government revenue?
Which of the following is a major source of government revenue?
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What is the primary goal of resource allocation?
What is the primary goal of resource allocation?
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What is a characteristic of public goods?
What is a characteristic of public goods?
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What is an example of a negative externality?
What is an example of a negative externality?
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What is an objective of government policies in the economy?
What is an objective of government policies in the economy?
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What is a strategy for efficient allocation of resources?
What is a strategy for efficient allocation of resources?
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What can cause market failures?
What can cause market failures?
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